China’s Webus International plans a $300M non-equity fund for an XRP reserve.
Aims to use XRP for instant cross-border settlements in its global chauffeur network.
Follows VivoPower’s $121M XRP treasury; China’s IMI notes Bitcoin as reserve hedge.
Chinese AI mobility firm Webus International unveiled a plan on May 29 to raise up to $300 million through non-equity financing to build an XRP reserve, a strategic move designed to support instant cross-border settlements across its global chauffeur service network.
This development closely follows a May 28 announcement from VivoPower International, a clean-energy firm with strong institutional backing, announced a $121 million private placement to fund its own XRP treasury platform. Together, these moves suggest an emerging corporate strategy where XRP is increasingly viewed as a functional financial tool beyond its status as a cryptocurrency.
Webus Bets on XRP for Seamless Borderless Mobility
Webus plans to establish the XRP reserve using a combination of cash, bank loans, and institutional credit, deliberately steering clear of issuing new equity.
According to CEO Nan Zheng, this XRP reserve will fuel …
The post XRP Strategic Reserve Trend: Webus ($300M) Follows VivoPower ($121M) Model appeared first on Coin Edition.
